Trump calls emptying U.S. ports a 'good thing' despite supply-chain panic because 'that means we lose less money'
As logistics professionals sound the alarms on emptying U.S. ports as a result of steep tariffs, President Donald Trump said those major import slowdowns are actually a boon.
Following Trump’s introduction of sweeping tariffs, shipping volumes have fallen considerably, according to data from container-tracking software company Vizion. In the period between the five weeks before and five weeks after Trump introduced and implemented his tariff plan, virtually all major U.S. ports saw a decline in the number of container books. The Port of Portland in Oregon saw a 50% drop in exports, and the Port of Los Angeles, the U.S.’s largest outpost, had 17% lower exports. From the week ending April 28, Vizion reported a 43% week-over-week decrease in containers.
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Trump not only acknowledged the shipping slowdown in a Thursday press briefing announcing a trade deal with the UK; he seemed heartened by it.
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"That means we lose less money,” Trump said. “When you say it slowed down, that's a good thing, not a bad thing.”
https://www.yahoo.com/news/trump-calls-emptying-u-ports-180609056.html
= new reply since forum marked as read
your party was better for the American economy?
Proof seems to be lacking.
